Odfjell Technology Ltd (OTL) - Net Assets
Based on the latest financial reports, Odfjell Technology Ltd (OTL) has net assets worth Nkr1.23 Billion NOK (≈ $129.71 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Nkr4.24 Billion ≈ $446.21 Million USD) and total liabilities (Nkr3.01 Billion ≈ $316.51 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Explore OTL cash flow metrics to assess how effectively this company generates cash.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Nkr1.23 Billion |
| % of Total Assets | 29.07% |
| Annual Growth Rate | 30.11% |
| 5-Year Change | -47.97% |
| 10-Year Change | N/A |
| Growth Volatility | 266.69 |
Odfjell Technology Ltd - Net Assets Trend (2018–2024)
This chart illustrates how Odfjell Technology Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Odfjell Technology Ltd asset portfolio for the complete picture of this company's asset base.
Annual Net Assets for Odfjell Technology Ltd (2018–2024)
The table below shows the annual net assets of Odfjell Technology Ltd from 2018 to 2024. For live valuation and market cap data, see Odfjell Technology Ltd (OTL) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Nkr1.38 Billion ≈ $144.70 Million |
+27.73% |
| 2023-12-31 | Nkr1.08 Billion ≈ $113.29 Million |
+38.24% |
| 2022-12-31 | Nkr778.80 Million ≈ $81.95 Million |
-73.71% |
| 2021-12-31 | Nkr2.96 Billion ≈ $311.71 Million |
+12.07% |
| 2020-12-31 | Nkr2.64 Billion ≈ $278.13 Million |
+712.72% |
| 2019-12-31 | Nkr325.22 Million ≈ $34.22 Million |
+14.76% |
| 2018-12-31 | Nkr283.38 Million ≈ $29.82 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Odfjell Technology Ltd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 79520000000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | Nkr1.09 Billion | 79.54% |
| Other Components | Nkr1.08 Billion | 78.29% |
| Total Equity | Nkr1.38 Billion | 100.00% |
Odfjell Technology Ltd Competitors by Market Cap
The table below lists competitors of Odfjell Technology Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Mangalam Cement Limited
NSE:MANGLMCEM
|
$252.50 Million |
|
SEONGAN CO. Ltd
KO:011300
|
$252.56 Million |
|
Mount Gibson Iron Limited
F:FWQ
|
$252.61 Million |
|
Falcon Oil & Gas Ltd.
V:FO
|
$252.74 Million |
|
Aldel Financial II Inc. Class A Ordinary Shares
NASDAQ:ALDF
|
$252.48 Million |
|
Innoprise Plantations Bhd
KLSE:6262
|
$252.47 Million |
|
Xxentria Technology Materials Co Ltd
TWO:8942
|
$252.46 Million |
|
Silver Bow Mining Corp.
NYSE MKT:SBMT
|
$252.38 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Odfjell Technology Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,076,600,000 to 1,375,100,000, a change of 298,500,000 (27.7%).
- Net income of 253,200,000 contributed positively to equity growth.
- Dividend payments of 165,100,000 reduced retained earnings.
- Other factors increased equity by 210,400,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Nkr253.20 Million | +18.41% |
| Dividends Paid | Nkr165.10 Million | -12.01% |
| Other Changes | Nkr210.40 Million | +15.3% |
| Total Change | Nkr- | 27.73% |
Book Value vs Market Value Analysis
This analysis compares Odfjell Technology Ltd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.79x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 8.47x to 1.79x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-12-31 | Nkr7.18 | Nkr60.80 | x |
| 2019-12-31 | Nkr77.20 | Nkr60.80 | x |
| 2020-12-31 | Nkr66.84 | Nkr60.80 | x |
| 2021-12-31 | Nkr75.06 | Nkr60.80 | x |
| 2022-12-31 | Nkr19.73 | Nkr60.80 | x |
| 2023-12-31 | Nkr27.28 | Nkr60.80 | x |
| 2024-12-31 | Nkr33.87 | Nkr60.80 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Odfjell Technology Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 18.41%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.67%
- • Asset Turnover: 1.30x
- • Equity Multiplier: 3.04x
- Recent ROE (18.41%) is above the historical average (14.84%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | 4.96% | 5.19% | 0.79x | 1.21x | Nkr-14.29 Million |
| 2019 | 7.21% | 9.18% | 6.05x | 0.13x | Nkr-85.04 Million |
| 2020 | 4.94% | 6.23% | 0.63x | 1.25x | Nkr-133.59 Million |
| 2021 | 3.93% | 3.95% | 0.75x | 1.32x | Nkr-179.72 Million |
| 2022 | 32.49% | 6.51% | 1.25x | 4.00x | Nkr175.12 Million |
| 2023 | 31.97% | 6.85% | 1.36x | 3.43x | Nkr236.54 Million |
| 2024 | 18.41% | 4.67% | 1.30x | 3.04x | Nkr115.69 Million |
Industry Comparison
This section compares Odfjell Technology Ltd's net assets metrics with peer companies in the Oil & Gas Drilling industry.
Industry Context
- Industry: Oil & Gas Drilling
- Average net assets among peers: $451,648,884
- Average return on equity (ROE) among peers: 10.27%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Odfjell Technology Ltd (OTL) | Nkr1.23 Billion | 4.96% | 2.44x | $252.49 Million |
| Awilco Drilling PLC (AWDR) | $-7.00 Million | 0.00% | 0.00x | $2.60 Million |
| Dolphin Drilling AS (DDRIL) | $765.21 Million | -18.30% | 0.97x | $468.17 Million |
| Deep Value Driller AS (DVD) | $8.74 Million | 273.41% | 11.84x | $193.61 Million |
| Northern Ocean Ltd (NOL) | $495.63 Million | -13.84% | 0.97x | $276.31 Million |
| Odfjell Drilling Ltd (ODL) | $1.20 Billion | 11.96% | 1.20x | $2.09 Billion |
| PARATUS ENERGY SERVICES LTD (PLSV) | $139.00 Million | -154.68% | 3.93x | $849.37 Million |
| Shelf Drilling Ltd (SHLF) | $561.45 Million | -26.63% | 2.03x | $498.91 Million |
About Odfjell Technology Ltd
Odfjell Technology Ltd., together with its subsidiaries, operates as a supplier of offshore operations, well services technology, and engineering solutions in Norway, the United Kingdom, rest of Europe, Kuwait, Malaysia, rest of Asia, and internationally. It operates through Well Services; Operations; and Projects & Engineering segments. The Well Services segment provides casing and tubular runni… Read more